AquaBounty Technologies, Inc., a biotechnology company, focuses on improving productivity in the commercial aquaculture industry in the United States and Canada. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts. The company was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004. AquaBounty Technologies, Inc. was incorporated in 1991 and is headquartered in Maynard, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: aquabounty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2021 | $4.50 | Neutral → Buy | H.C. Wainwright |
| 11/9/2021 | Neutral → Buy | HC Wainwright & Co. | |
| 10/8/2021 | $6.00 | Buy | ROTH Capital |
| 7/1/2021 | $7.00 | Outperform | Oppenheimer |
Harvard, Massachusetts--(Newsfile Corp. - December 11, 2024) - The Board of Directors of AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty," "we," "our" or the "Company") today announced that the Company will wind down its hatchery operations in Bay Fortune, including a reduction of its workforce and the exit of several senior management members. "AquaBounty will immediately begin to wind down its Bay Fortune operation, its only remaining operating farm, including the culling of all remaining fish and a reduction of substantially all personnel over the course of the next several weeks," stated David Frank, Chief Financial Officer and Interim Chief Executive Officer. "We prioritized m
Harvard, Massachusetts--(Newsfile Corp. - November 5, 2024) - AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the third quarter and nine months ended September 30, 2024.Third Quarter 2024 Highlights and Recent DevelopmentsNet loss in the third quarter of 2024 was down significantly at $3.4 million as compared to $6.1 million in the third quarter of 2023, primarily due to the sale of the Indiana farm. Cash, cash equivalents and restricted cash totaled $500 thousand as of September 30, 2024, as compared to $9.2 million
Harvard, Massachusetts--(Newsfile Corp. - September 3, 2024) - AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced an update on the Company's fundraising efforts.As previously announced, AquaBounty has been exploring a wide range of funding and strategic alternatives to strengthen its balance sheet and increase its cash position. Today, the Company is announcing that it has made the decision to sell its Rollo Bay farm operation. The farm, located on Prince Edward Island in Canada, was purchased by the Company in 2016 and further developed into a broodstock
Harvard, Massachusetts--(Newsfile Corp. - August 6, 2024) - AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the second quarter and six months ended June 30, 2024.Second Quarter 2024 Highlights and Recent DevelopmentsNet loss in the second quarter of 2024 was up significantly at $50.5 million as compared to $6.5 million in the second quarter of 2023. The current period loss included a non-cash impairment charge of $44.5 million against the long-lived assets of the Indiana farm and certain equipment from the Ohio farm,
Harvard, Massachusetts--(Newsfile Corp. - June 7, 2024) - The Board of Directors of AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that David F. Melbourne Jr. has been promoted to the position of President and Chief Executive Officer. Sylvia Wulf will continue as the non-executive Board Chair of AquaBounty's Board of Directors. "On behalf of the Board of Directors, I am pleased to announce that Dave Melbourne will assume the position of President and Chief Executive Officer of AquaBounty, effective immediately," said Wulf. "This move has been part of
MAYNARD, Mass., Aug. 04, 2021 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, has provided financial results for the second quarter and six months ended June 30, 2021. Second Quarter 2021 Highlights Successfully completed the first commercial scale harvests of it genetically engineered ("GE") Atlantic salmon from both its Indiana and Rollo Bay farm sites in June.Selected Pioneer, Ohio as the location for its next large-scale farm with a planned annual production capacity of 10,000 metric tons. Construction is slated to begin within the next six
MAYNARD, Mass., March 30, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that Richard J. Clothier will retire from the AquaBounty Board of Directors and will not stand for reelection at the Company's Annual Shareholder Meeting on May 25, 2023. Mr. Clothier has extensive experience in the agribusiness and biotechnology sectors, having served as Chairman of the Board of Directors of AquaBounty since April 2006, as Chairman of Robinson Plc from 2004 to 2018, and Chairman of Spearhead International Ltd from 2005 to 2015. Mr. Cl
Harvard, Massachusetts--(Newsfile Corp. - December 11, 2024) - The Board of Directors of AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty," "we," "our" or the "Company") today announced that the Company will wind down its hatchery operations in Bay Fortune, including a reduction of its workforce and the exit of several senior management members. "AquaBounty will immediately begin to wind down its Bay Fortune operation, its only remaining operating farm, including the culling of all remaining fish and a reduction of substantially all personnel over the course of the next several weeks," stated David Frank, Chief Financial Officer and Interim Chief Executive Officer. "We prioritized m
Harvard, Massachusetts--(Newsfile Corp. - November 5, 2024) - AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the third quarter and nine months ended September 30, 2024.Third Quarter 2024 Highlights and Recent DevelopmentsNet loss in the third quarter of 2024 was down significantly at $3.4 million as compared to $6.1 million in the third quarter of 2023, primarily due to the sale of the Indiana farm. Cash, cash equivalents and restricted cash totaled $500 thousand as of September 30, 2024, as compared to $9.2 million
Harvard, Massachusetts--(Newsfile Corp. - September 3, 2024) - AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced an update on the Company's fundraising efforts.As previously announced, AquaBounty has been exploring a wide range of funding and strategic alternatives to strengthen its balance sheet and increase its cash position. Today, the Company is announcing that it has made the decision to sell its Rollo Bay farm operation. The farm, located on Prince Edward Island in Canada, was purchased by the Company in 2016 and further developed into a broodstock
Harvard, Massachusetts--(Newsfile Corp. - August 6, 2024) - AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the second quarter and six months ended June 30, 2024.Second Quarter 2024 Highlights and Recent DevelopmentsNet loss in the second quarter of 2024 was up significantly at $50.5 million as compared to $6.5 million in the second quarter of 2023. The current period loss included a non-cash impairment charge of $44.5 million against the long-lived assets of the Indiana farm and certain equipment from the Ohio farm,
Harvard, Massachusetts--(Newsfile Corp. - June 7, 2024) - The Board of Directors of AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that David F. Melbourne Jr. has been promoted to the position of President and Chief Executive Officer. Sylvia Wulf will continue as the non-executive Board Chair of AquaBounty's Board of Directors. "On behalf of the Board of Directors, I am pleased to announce that Dave Melbourne will assume the position of President and Chief Executive Officer of AquaBounty, effective immediately," said Wulf. "This move has been part of
MAYNARD, Mass., June 02, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance operational performance and sustainability, announced today that the Company will pause the construction of its farm in Pioneer, Ohio due to a substantial increase in its estimated cost of completion. The Company will now take the required time to evaluate the timing and cost of size and scope alternatives, including a phased approach to complete the project. Sylvia Wulf, Chief Executive Officer of AquaBounty, said: "During the past three years, AquaBounty has been working with its design and con
Maynard, Massachusetts--(Newsfile Corp. - May 4, 2023) - AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the quarter ended March 31, 2023.First Quarter 2023 Highlights and Recent DevelopmentsGenerated $398 thousand in product revenue in the first quarter, a year-over-year decrease of 59% as compared to $963 thousand in the first quarter of 2022. Net loss in the first quarter of 2023 was $6.5 million, as compared to $5.1 million in the first quarter of 2022.Construction activities for the Pioneer, Ohio farm site conti
MAYNARD, Mass., March 30, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that Richard J. Clothier will retire from the AquaBounty Board of Directors and will not stand for reelection at the Company's Annual Shareholder Meeting on May 25, 2023. Mr. Clothier has extensive experience in the agribusiness and biotechnology sectors, having served as Chairman of the Board of Directors of AquaBounty since April 2006, as Chairman of Robinson Plc from 2004 to 2018, and Chairman of Spearhead International Ltd from 2005 to 2015. Mr. Cl
MAYNARD, Mass., March 07, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Highlights and Recent Developments Generated $451 thousand in product revenue in the fourth quarter, a year-over-year increase of 8% as compared to $418 thousand in the fourth quarter of 2021. For the year ended December 31, 2022, product revenue totaled $3.14 million, a year-over-year increase of 167% as compared to $1.1
MAYNARD, Mass., Nov. 08, 2022 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the third quarter and nine-months ended September 30, 2022. Third Quarter and Year-to-Date 2022 Highlights and Recent Developments Generated $653 thousand in product revenue in the third quarter, a year-over-year increase of 44% as compared to $455 thousand in the third quarter of 2021. In the nine-month period ended September 30, 2022, product revenue totaled $2.7 million, a year-over-year increase of 255% as compar
H.C. Wainwright upgraded AquaBounty Technologies from Neutral to Buy and set a new price target of $4.50
HC Wainwright & Co. upgraded AquaBounty Technologies from Neutral to Buy
ROTH Capital initiated coverage of AquaBounty Technologies with a rating of Buy and set a new price target of $6.00
Oppenheimer initiated coverage of AquaBounty Technologies with a rating of Outperform and set a new price target of $7.00
HC Wainwright resumed coverage of AquaBounty Technologies with a rating of Neutral
H.C. Wainwright downgraded AquaBounty Technologies from Buy to Neutral
Lake Street resumed coverage of AquaBounty Technologies with a rating of Buy and set a new price target of $15.00
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